[Form 4] LINDE PLC Insider Trading Activity

Rhea-AI Filing Summary

Linde plc executive Guillermo Bichara, Exec VP & Chief Legal Officer, reported a set of compensation-related equity moves on March 9, 2026. He received payouts from performance share units tied to return on capital and relative total shareholder return, and restricted stock units, which together delivered 8,122 Ordinary Shares, with 3,765 shares withheld to cover tax obligations. He was also granted 1,830 new Restricted Stock Units and 14,917 stock options with an exercise price of 483.6200 per share expiring in 2036. Following these transactions, he directly holds 25,593.769 Ordinary Shares and retains multiple unexercised option and unit awards, plus 2,944.983 Ordinary Shares held indirectly through a 401(k).

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bichara Guillermo

(Last) (First) (Middle)

C/O LINDE PLC

FORGE, 43 CHURCH STREET WEST

(Street)

WOKING SURREY X0 GU216HT

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINDE PLC [ LIN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec VP & Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Ordinary Shares	03/09/2026		M		4,762(1)	A	$0	26,899.769	D
Ordinary Shares	03/09/2026		F		2,207(2)	D	$484.74	24,692.769	D
Ordinary Shares	03/09/2026		M		1,680(1)	A	$0	26,372.769	D
Ordinary Shares	03/09/2026		F		779(2)	D	$484.74	25,593.769	D
Ordinary Shares	03/09/2026		M		1,680(3)	A	$0	27,273.769	D
Ordinary Shares	03/09/2026		F		779(2)	D	$484.74	26,494.769	D
Ordinary Shares								2,944.983	I	401(k)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance Share Units (ROC)	$0	03/09/2026		A		4,762		(4)	(4)	Ordinary Shares	4,762	$0	4,762	D
Performance Share Units (ROC)	$0	03/09/2026		M			4,762	(4)	(4)	Ordinary Shares	4,762	$0	0	D
Performance Share Units (RTSR)	$0	03/09/2026		A		1,680		(5)	(5)	Ordinary Shares	1,680	$0	1,680	D
Performance Share Units (RTSR)	$0	03/09/2026		M			1,680	(5)	(5)	Ordinary Shares	1,680	$0	0	D
Restricted Stock Units	(6)	03/09/2026		M			1,680	(7)	(7)	Ordinary Shares	1,680	$0	0	D
Restricted Stock Units	(6)	03/09/2026		A		1,830		(8)	(8)	Ordinary Shares	1,830	$0	1,830	D
Restricted Stock Units	(6)							(9)	(9)	Ordinary Shares	1,570		1,570	D
Restricted Stock Units	(6)							(10)	(10)	Ordinary Shares	1,613		1,613	D
Stock Options (right to buy)	$483.62	03/09/2026		A		14,917		(11)	03/09/2036	Ordinary Shares	14,917	$0	14,917	D
Stock Options (right to buy)	$468.77							(12)	03/07/2035	Ordinary Shares	11,326		11,326	D
Stock Options (right to buy)	$465.29							(13)	03/07/2034	Ordinary Shares	10,345		10,345	D
Stock Options (right to buy)	$354.14							(14)	03/07/2033	Ordinary Shares	11,085		11,085	D
Stock Options (right to buy)	$270.99							(15)	03/07/2032	Ordinary Shares	13,280		13,280	D
Stock Options (right to buy)	$253.68							(16)	03/08/2031	Ordinary Shares	20,975		20,975	D
Stock Options (right to buy)	$173.13							(17)	03/09/2030	Ordinary Shares	26,155		26,155	D
Deferred Stock Units	(6)							(18)	(18)	Ordinary Shares	852.647		852.647	D

Explanation of Responses:

1. Ordinary shares acquired pursuant to the payout of a performance share unit ("PSU") grant made on March 7, 2023.

2. Ordinary shares withheld from the payout to cover tax withholdings.

3. Ordinary shares acquired pursuant to the payout of a restricted stock unit ("RSU") grant made on March 7, 2023.

4. The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the average annual return on capital ("ROC") of Linde plc from 2023-2025 measured against ROC goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.

5. The PSU paid out on March 9, 2026, and the number of shares awarded and paid out was determined based upon the relative total shareholder return ("RTSR") of Linde plc from 2023-2025 measured against RTSR goals set by the Human Capital Committee of the Board of Directors when the PSU was granted on March 7, 2023.

6. Conversion to Linde plc Ordinary Shares is on a 1-for-1 basis.

7. Restricted Stock Units that vested in full and paid out on March 9, 2026 in Linde plc Ordinary Shares on a one-for-one basis.

8. Restricted Stock Units that will vest in full and payout on or about March 9, 2029 in Linde plc Ordinary Shares on a one-for-one basis.

9. Restricted Stock Units that will vest in full and payout on or about March 7, 2027 in Linde plc Ordinary Shares on a one-for-one basis.

10. Restricted Stock Units that will vest in full and payout on or about March 7, 2028 in Linde plc Ordinary Shares on a one-for-one basis.

11. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2027.

12. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2026.

13. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2025.

14. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2024.

15. This option vests over three years in three consecutive equal annual installments beginning on March 7, 2023.

16. This option vests over three years in three consecutive equal annual installments beginning on March 8, 2022.

17. This option vests over three years in three consecutive equal annual installments beginning on March 9, 2021.

18. Deferred stock units acquired under the Linde Compensation Deferral Plan as amended ("Plan"). The deferred stock units will payout in Linde plc Ordinary Shares on a one-for-one basis in accordance with the Plan.

Remarks:

	Anthony M. Pepper as attorney-in-fact	03/11/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Linde (LIN) executive Guillermo Bichara report in this Form 4?

Guillermo Bichara reported vesting and payout of performance and restricted stock units into Linde plc Ordinary Shares, related tax-withholding share dispositions, and new grants of Restricted Stock Units and stock options as part of his equity-based compensation for service with the company.

How many Linde (LIN) shares did Guillermo Bichara receive from vested PSUs and RSUs?

He received 8,122 Linde plc Ordinary Shares from the payout of performance share units and restricted stock units. These units were granted earlier and paid out after meeting performance goals and time-based vesting conditions set by Linde’s board committee.

Were any of Guillermo Bichara’s Linde (LIN) shares sold in the market?

The Form 4 shows no open-market sales. Instead, 3,765 Ordinary Shares were disposed of under code F, meaning they were withheld by Linde to cover tax obligations associated with the vesting and payout of performance share units and restricted stock units.

What new equity awards did Guillermo Bichara receive from Linde (LIN)?

He received 1,830 new Restricted Stock Units and 14,917 stock options on Linde plc Ordinary Shares. The options carry an exercise price of 483.6200 per share and expire in 2036, vesting in scheduled installments as described in the accompanying footnotes.

What are Guillermo Bichara’s Linde (LIN) shareholdings after these transactions?

After the reported transactions, Guillermo Bichara directly holds 25,593.769 Linde plc Ordinary Shares. He also has 2,944.983 Ordinary Shares held indirectly through a 401(k) plan, alongside various unexercised stock options and Restricted Stock Units detailed in the derivative holdings summary.

What performance measures drove the payout of Linde (LIN) performance share units?

The performance share units paid out based on Linde plc’s average annual return on capital from 2023–2025 and relative total shareholder return over the same period, compared with goals set by the Human Capital Committee when the awards were originally granted in March 2023.